Yourman Alexander & Parekh LLP Announces Class Action Lawsuit Against Quanta Capital Holdings, Ltd.

Market Wire, February, 2007

Yourman Alexander & Parekh LLP, a law firm with extensive experience in prosecuting claims for securities and consumer fraud, announces that a lawsuit seeking class action status has been filed on behalf of shareholders who purchased or otherwise acquired Quanta Capital Holdings, Ltd. ("Quanta" or the "Company") common shares (NASDAQ: QNTA) or preferred shares (NASDAQ: QNTAP) during the period December 14, 2005 through March 2, 2006, inclusive (the "Class Period"). The action is pending in the United States District Court for the Southern District of New York.

Since a class has not yet been certified, you may not be represented by an attorney in this matter. If you purchased or acquired Quanta securities during the Class Period and either continue to hold those securities or sold them at a loss, the deadline to move for appointment as Lead Plaintiff is April 6, 2007. A Lead Plaintiff is the person or entity that the Court appoints to take a leadership role in prosecuting the case and to represent the interests of other similarly injured class members. The Court is required to consider the persons or entities with the largest financial losses, who express an interest in taking a leadership role in the litigation, for appointment as Lead Plaintiff. However, in order to serve as Lead Plaintiff, you must meet certain legal requirements and must formally apply to the Court to be considered for such an appointment. While your ability to share in any recovery is not affected by your decision of whether or not to seek appointment as a Lead Plaintiff, the Lead Plaintiff is responsible for making important decisions which could affect the overall recovery for class members, including decisions concerning settlement. Further, under 15 U.S.C. §78u-4(a)(4) and/or 15 U.S.C. §77z-1(a)(4), in the event that the case is successfully resolved, the Court may award a Lead Plaintiff compensation for time spent directly related to the representation of the class.

The action alleges, in part, that the Company and certain of its officers and directors violated federal securities laws by issuing statements, concerning the Company's two prospectuses ("Prospectuses") issued in connection with the December 14, 2005 offering of common and preferred shares, that were materially false and misleading when made. Just prior to the end of the fourth quarter, the Prospectuses stated that the Company's net losses for 2005 were $68.5 million. However, on March 2, 2006, it was announced that net losses were actually $78.7 million, 15% higher than originally stated by the Company. It is further alleged that shares of Quanta declined on this news, falling from $4.73 per share to $2.83 per share, a decline of approximately 40%. In addition, Quanta preferred shares are now trading at approximately $19 per share, a significant decline from the original $25 offering price.

If you: (i) wish to discuss these matter, have information concerning this case, or acquired shares through your Quanta retirement account or 401K; (ii) have questions concerning this Notice or your rights or interests with respect to this litigation; or (iii) have any other potential matters that you would care to discuss, please contact Vahn Alexander or Behram Parekh of Yourman Alexander & Parekh LLP, 3601 Aviation Blvd., Suite 3000, Manhattan Beach, California 90266 by telephone, toll-free at (800) 725-6020, or by email to parekhb@yaplaw.com . There will be no obligation or cost to you concerning your inquiry. For more information about the firm or cases currently being investigated or prosecuted by the firm, please visit www.yaplaw.com .